Main-Road
For Sale
$488,888
57A Cutter Mill, Great Neck, NY 11021
The cooperative unit supports retail or office use, with maintenance covering taxes and heat.
Property Size800 SF
Price / SF$611.11
Days on Market190
Property Features for 57A Cutter Mill
General Information
Standard status
Active
Size
800 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,000
Building Details
Building Size
800 SF
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Leonardo E. Tavarez
Source:
Thedecurtisgroup
Added: Apr 26
Changed: Nov 1
Last Checked: Nov 1 at 1:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charles Rutenberg Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot cooperative storefront in Great Neck is suited to retail or office use. Building maintenance includes taxes and heat.
The property fronts a busy main road and is a short walk from the LIRR.
The property fronts a busy main road and is a short walk from the LIRR.
Key Highlights
- 800‑square‑foot cooperative storefront
- Retail or office use
- Maintenance includes taxes and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,842
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,840
$316.8K
Cap Rate 7%
$226,314
$226.3K
Cap Rate 9%
$176,022
$176.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$24.0K $30.00/SF
− Vacancy
−$1.4K −$1.71/SF
EGI
$22.6K $28.29/SF
− OpEx
−$6.8K −$8.49/SF
NOI
$15.8K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,840
Cap Rate 7%
$226,314
Cap Rate 9%
$176,022
Alternative Uses
Best Use
Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.9K
$462.8K – $617.1K
NOI $37,026 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,578
Businesses Nearby
131k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 21%
Hotels & Casinos 4%
Electronics 2%
Dollar Tree
Shops & Services
19,987 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
11,895 visits/mo
0.3 miles
Bank of America
Shops & Services
10,392 visits/mo
0.3 miles
Webster Bank
Shops & Services
10,248 visits/mo
0.4 miles
Chase Bank
Shops & Services
9,916 visits/mo
0.4 miles
Demographics for 11021, NY
19,376
Population
8,705
Households
2.2
Avg Household Size
46
Median Age
65%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,073
Density / Sq Mi
$122,390
Median Household Income
$74,401
Median Earnings
$2,184
Median Rent
$734,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Love U Flowers — 164 Northern Blvd, Great Neck, NY 11020
- Great neck florist — 352 Great Neck Rd, Great Neck, NY 11021
- Royal Floral Designs — 37 S Middle Neck Rd, Great Neck, NY 11021
- A & B Floral — 1 Bond St, Great Neck, NY 11021
- Flower City Florist — 27 S Middle Neck Rd, Great Neck Plaza, NY 11021
Frequently Asked Questions
What type of property is this?
Storefront property - The cooperative unit supports retail or office use, with maintenance covering taxes and heat.
Where is this storefront property located?
The property is located at 57A Cutter Mill Great Neck, NY.
What is the asking price?
The asking price for this property is $488,888.
What are key features of this property?
This property features: 800‑square‑foot cooperative storefront; Retail or office use; Maintenance includes taxes and heat
